Moody’s May Downgrade BofA, Citi, Wells Ratings

Moody’s Investors Service (MCO) said it may downgrade the debt ratings of BofA (BAC), Citigroup Inc (C) and Wells Fargo (WFC), citing considerations regarding declining political determination to provide assistance for the premier U.S. banks. The ratings firm said on Thursday it put the deposit, senior debt and senior subordinated debt ratings of the three banks under review for possible downgrades. – Reuters